Possible short
Updated
pair broke down through 200 SMA with high volume and retraced back from 61.8% fib level. RSI and Stochastic is highly in bears favor, so possibly go short. other hand FED is set to increase rates. but cannot be just rely on feds decision as rates is going to announced on 14 dec 2017 after 3 days. anything could happen coz this pair is also correlate to oil as well. any news from OPEC or middle east or oil producing countries would have impact on this pair. we will look for long also but after hitting our profit target. coz pair is going to reverse soon.
Note
Day closed with spinning top high wave pattern after 3 days uptrend rally, STHW is considerable for bearish trend. So reversal is on the wayforextradingstrategies4u.com/wp-content/uploads/2016/08/spinning-top-japanese-candlestick-pattern.png
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